- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
After a 15-part comment letter exchange with the SEC over its compliance with new revenue recognition rules, Kingsway Financial Services opted to restate.
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Revenue recognition drove more restatements in 2018 than in prior years and caused more restatements than any other area of accounting, a new study finds.
FASB has issued a proposal on the distinction between liabilities and equity meant to cut through complexity known to compromise reporting quality.
SEC comments on early reports under the new revenue recognition standard tended to sway companies to revise their reporting, analysis shows.
